Description
Role Profile
VPAG and Pricing Controller UK
Reporting To
Head of UK Business Finance
Date
Jan 2024
Job Type
6 months contract
Employment Start Date
ASAP
Onsite Requirement
This will be a hybrid role, with 2/3 days per week on site.
Industry
Pharmaceuticals
Location
Tadworth, England
Role Purpose
To be the UK’s VPAG (Voluntary Pricing, Access and Growth) expert - The UK Government’s Voluntary Pricing, Access, and Growth (VPAG) Scheme is designed to ensure that patients have access to innovative and cost-effective medicines. The scheme involves pharmaceutical companies voluntarily agreeing to cap the growth of their revenues from NHS sales. In return, these companies benefit from predictable pricing and access to the NHS market. The scheme aims to balance the need for affordable medicines with the industry’s need for a sustainable business environment that encourages innovation and growth. The VPAG & Pricing controller manages all aspects of scheme reporting including compliance with scheme rules, the provision of budget and forecast information to UK business and reporting to the Department of Health and Social Care (DHSC). Support the Market Operations lead with ad hoc audit and commercial analysis and reporting.
Role Dimensions
Revenues – VPAG reporting of ~ £0.5 billion p.a. UK NHS sales.
People Management: no direct reports.
Key Interactions
- UK Business Finance Lead
- UK Regional Finance Director
- Decision Support CoE
- Commercial teams
- European Trade
- Health & Value
- Department of Health and Social care
- KPMG
Key Accountabilities
- Maintain a detailed and thorough understanding of VPAG to ensure Pfizer is always compliant and act as SME to other colleagues.
- Liaise with Business Finance Leads and other relevant cross functional teams to obtain actual and forecast sales
and unit data along with other relevant information such as enhanced discount schemes, competitor stock outs, private hospitals,
clinical trial sales, export sales, private prescriptions etc., to calculate the actual
and forecast VPAG liability.
- Produce clear management reporting of the VPAG position
and ensure all necessary accounting provisions are booked.
- Complete DHSC reporting (based on calendar year) including Quarterly VPAS Payment Sales Report
and Annual VPAG Payment Sales Report,
which must reconcile to the audited statutory accounts.
- Ensure quarterly VPAG payments are made within 1 month of each calendar quarter end.
- Complete
and submit the unaudited Annual Presentation sales return.
- Liaise with auditors
and ensure timely delivery of audit data requirements.
- Communicate with DHSC regarding price changes,
managing new product pricing in collaboration
with commercial teams/Health & Value
and VPAG information requests.
- Respond
to all DHSC requests on a timely basis.
- Assist Financial Controller
with US GAAP
and UK GAAP audits
and reporting including analytical reviews
of legal entities
and other ad hoc activities.
- Improve general control environment
and drive process improvements.
Skills, Knowledge, Qualifications & Experience
Qualifications & Experience
Qualified accountant (or equivalent) with at least 5 years post qualification commercial experience,
preferably gained in pharmaceutical industry. Demonstrated success in assimilating
and interpreting complex documentation.Experience working in complex matrix organisation is an advantage.Audit experience is an advantage.
Knowledge
An ability to assess business as a whole
to act in best interest “One Pfizer”. Knowledge SAP Mosaic.
Skills
Proficiency in Power BI: Ability import clean transform visualize data from various sources create interactive dashboards reports.SQL Expertise: Skilled writing efficient SQL queries for data extraction transformation analysis support business intelligence reporting needs.Strong analytical technical skills.Advanced Excel modelling skills.Good communication presentation skills verbal written.Acts decisively takes accountability.Skills / People Management Able interact colleagues at all levels organisation.Able develop strong working relationships.